Equus Capital Partners paid $66.65 million for three North Carolina apartment complexes. The Triangle Business Journal reports the firm previously owned the communities before selling them in 2019 to Investcorp, a New York firm, for a total of $46 million. The company…
Duke University paid an apartment owner $43 million to take over the Blue Light Living apartments. The school will add the apartments to the school’s housing inventory, instead of building new ones. The school plans to make a number of…
Hines has advanced its plans for Clari Park, a 78-acre mixed-use destination located in Murfreesboro, Tennessee. As part of the development’s first phase, Hines acquired an 11.4-acre land parcel and commenced construction on a Class A 300-unit multifamily community, The…
Northmarq represented the seller of The Park at Fenentino, an affordable rental community in Charlotte. A team led by Andrea Howard represented Stonecutter Capital. The buyer was non-profit housing fund, Community Solutions. Built in 1980, the 216-unit complex sold for $30.8M,…
Urban Standard Capital recently closed a $7.95 million, 18-month, non-recourse construction completion loan for a Class A mixed-use rental property in Durham, NC. At completion, the borrower, Abranova Real Estate, will deliver 48,000 square feet of 37 residential units, 5,000 square feet…
The first 49 units are ready for tenants at RISE Bartram Park, a 297-unit multifamily development in Jacksonville. The $60 million project is being developed by a team made up of Origin Investments and RISE. Upon its completion in March,…
JLL Income Property Trust has sold Presley Uptown, a 230-unit community in Charlotte, for $65.8 million, nearly $300K/unit. The JLL REIT paid $55 million for the project in 2019. The buyer, Eaton Vance Investment Managers also assumed the outstanding balance of a $30…
Novare Group and BCDC are teaming up to open the 316-unit Populus Pooler to residents in Savannah. The property is between the South’s busiest seaport and the under-construction Hyundai Motor Group “Metaplant,” the largest economic development project in Georgia’s history….
Just in time for the holidays, renters are being gifted more perks when leasing apartments in a market that is delivering more supply. Landlords are offering at least one concession on 30% of rental listings, the highest rate in two years, according to a…
Bisnow/Shai Dolev Chapman Taylor’s Michael Swiszczowski, Moda Family Homes’ Chris Procter, IMMO Capital’s Samantha Kempe, UKAA’s Lesley Roberts and Chapman Taylor’s Catalina Ionita The UK single-family rental sector is fast convincing real estate investors of its benefits. If it can…
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